A potential BTC distribution is playing out, according to Wyckoff Schematic #1. Nothing obviously is 100% in (especially in crypto), but the resemblance is uncanny. This relief rally IMO has been unsustainable, so such an outcome shouldn't come as that big of a surprise. I realize this is a 2-hour chart but let's see how it plays out!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.